The S&P 500 outlook remains bullish, but I see prices dipping below their current 3550 level as more likely than not during today's session - especially if the market doesn't like today's ADP non-farm employment change. And chances are, its bar (1,250K expected), will prove a bridge too far.
But the market may still welcome the figure that arrives. To be prepared for both eventualities, I'm tightening the stop-loss while letting profits grow - please see below.
Trading position (short-term; futures; our opinion): long positions (100% position size) with stop-loss at 3544 and new upside target at 3575 are justified from the risk-reward perspective.
Stock Trading Strategist
Sunshine Profits: Analysis. Care. Profits.